You can now exchange as little as £5000 with freemarket!

freemarket recognises that every penny matters when it comes to running a small business. Cash flow, payroll, overheads, insurance… the costs pile up while debtors delay paying your invoices. And the smaller your business, the more you feel the bite.

It’s especially easy to lose out on FX transactions, particularly if you’re an SME that big banks deem “less sophisticated” and actively seek to exploit with hidden fees on international payments and currency exchanges.

That’s why it’s important that even the smallest companies be able to take advantage of the cost savings afforded by our fixed 0.2% fee and access to mid-market rates, along with the convenient flexibility made possible by our simple online platform and scheduled exchanges that go through within 24 hours.

Because our fee is fixed, you won’t find us giving preferential treatment to bigger customers – the charge is uniform regardless of the size of transaction, so smaller businesses benefit just as much as anyone else. We pride ourselves on being utterly fair and utterly transparent – there simply are no charges besides the low 0.2% on every transaction.

We’re tightening our belts and squeezing our margins so we can offer our services to as wide a range of businesses and entrepreneurs as possible. We can now safely say that if we executed exchanges on sums any smaller than £5,000, we would actually be losing money.

We’ve pushed our system to the limit so we can open our digital doors to those SMEs traditionally hit hardest by FX fees.

James is freemarket’s Chief Commercial Officer. He has a history of finding new ways to solve age-old financial challenges and was responsible for launching some of the first online money transfer and prepaid card initiatives in Europe.